Building sealed in Chennai

CHENNAI: Officials of Chennai Metropolitan Development Authority on Friday sealed a building that was constructed without applications for planning permission.

A note from CMDA said the owner had constructed basement, a ground floor and three additional floors in total violation of norms. Despite a stop work notice issued in November, the owner went ahead and completed the building.

Latest Realty News

CHENNAI: Illegal construction in Chennai has been thriving due to corrupt Chennai Metropolitan Development Authority (CMDA) officials who allegedly have links to real estate agencies in different guises.

CHENNAI: Chennai Metropolitan Development Authority is facing a hamletian dilemma on whether to act against illegal buildings or frame appropriate rules and guidelines after the High Court quashed two Government Orders (GO) that allowed regularisation of illegal buildings built till July 1, 2007.

CHENNAI: Now flats in Chennai are likely to become a tad more costly since the Chennai Metropolitan Development Authority (CMDA) has decided to charge four times the previous security deposit from the builder while issuing planning permission.

CHENNAI: Businessman Vijay Mahtaney is looking for a buyer for his over nine grounds (one ground is 2,400 sq ft) of property in Chennai's Boat Club area, its most expensive address, in what could possibly lead to one of the priciest residential realty deals in the city in recent times.

CHENNAI: While big lenders to the debt-ridden Deccan Chronicle Holdings Ltd (DCHL) are keeping their fingers crossed, a few banks that have relatively low exposure seem to be moving fast to secure their loans.

CHENNAI: The hospitality sector in Chennai is going through rough weather with many a hotel being put on the block for want of patronage. In less than a year, the city is all set to lose its third hotel to real estate promoters.

TIRUCHI: Although the economic slowdown has resulted in poor demand for housing properties in the city last year, there are signs that the market is on the road to revival, say members of the Tiruchi chapter of Confederation of Real Estate Developers (CREDAI).